Newsweek Magazine Signed By Steve Jobs Sells For More Than $50K At Auction

There was a copy of Newsweek magazine to be auctioned off last month. The magazine dates back to October 24, 1988, and features a cover photo of Steve Jobs who was 33-years old at the time. The magazine was signed by Steve Jobs and it is raising far more than what it was initially expected. As per CNET, the magazine was anticipated to go for around $10,000 to $15,000 but brought in more than three times it was expected. So let’s dive in to see some more details on the Newsweek magazine signed by the late Steve Jobs.

Magazine Signed By Steve Jobs Fetched $50K At Auction

The headline of the magazine reads “Mr. Chips. Steve Jobs Puts The ‘Wow’ Back In Computers”. It was related to the magazine’s cover story which revolved around Jobs and his unveiling of the very first NeXT Computer. What’s particularly special about the magazine is Steve Jobs’ autograph. The story behind the autograph is rather interesting.

Diane Williams of Escondido, California met Steve Jobs when she was working as a senior buyer for the software company Lotus Development back in October of 1988. She and Jobs met at the unveiling of the NeXT Computer. She went to Jobs for an autograph to which he responded that “I don’t do autographs”. Williams then asked Jobs to “write something from the heart then”. This won over Apple’s co-founder and he wrote “I love manufacturing” on the cover of the Newsweek magazine.

Diane Williams wants the magazine to be put on a display for the world to see:

“Never in my wildest dreams did I ever imagine that I would let it go. But it needs to be let go,” she said. “I hope that it’s going to be an organization or an institution that puts it on display for others to be able to see.”

“It needs to be honored [through the purchase],” she said. Plus, she quipped, “Nothing’s free — especially what they charge.”

This is not the first time that Steve Jobs’ autographs have gone on sale. Previously, the autographs went from around $19,600 to $40,000. This time around, the “I love manufacturing” anecdote and a story to back it up led it to the price of $50,587 at the auction. The winner was an unknown person from Chicago and we’re not yet sure what might the future hold for the magazine.

Steve Jobs’ iconic BMW Z8 will also be auctioned in December via a firm based in New York. The iconic car is expected to cost around $300,000 to $400,000. This will be interesting to see for sure. There will be more to the story, so be sure to stay tuned in for more.

As for now, what are your thoughts on the anecdote and autograph of Steve Jobs fetching more than $50K at auction? Share your views in the comments.